Allete And Affiliated Companies Retirees Health Plan A

Organization Overview

Allete And Affiliated Companies Retirees Health Plan A is located in Duluth, MN. The organization was established in 1995. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allete And Affiliated Companies Retirees Health Plan A is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Allete And Affiliated Companies Retirees Health Plan A generated $7.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PAYS MEDICAL AND DENTAL CLAIMS ON BEHALF OF APPROXIMATELY 826 RETIREES, THEIR DEPENDENTS, AND SURVIVING SPOUSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEDICAL AND DENTAL CLAIMS PAID ON BEHALF OF APPROXIMATELY 826 RETIREES, THEIR DEPENDENTS, AND SURVIVING SPOUSES.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Institutional Trustee
$11,636
Steve Morris
Director
$0
Nicole Johnson
Director
$0
Josh Skelton
Director
$0
Kelly Desormey
Director
$0
Kayla Dillard-Arneson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,399,324
Investment income $1,501,382
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,135,576
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,036,282

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